ai said this about sab 122 “Under SAB 121, banks were required to classify customer-held crypto assets as both assets and liabilities on their balance sheets, creating significant financial and regulatory burdens. SAB 122 eliminates this requirement, allowing banks to assess risks using contingent liability principles instead. This means banks only need to account for potential losses rather than the full value of custodied crypto, aligning with traditional accounting standards and easing compliance”

Translation: Poof, money gone 🤣